Stableford Capital II LLC Purchases Shares of 5,725 Welltower Inc. (NYSE:WELL)

Stableford Capital II LLC bought a new stake in shares of Welltower Inc. (NYSE:WELL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,725 shares of the real estate investment trust's stock, valued at approximately $843,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Welltower in the fourth quarter worth approximately $3,943,892,000. Northern Trust Corp boosted its holdings in Welltower by 53.5% in the fourth quarter. Northern Trust Corp now owns 8,430,496 shares of the real estate investment trust's stock worth $1,062,495,000 after acquiring an additional 2,939,229 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Welltower by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 98,295,258 shares of the real estate investment trust's stock worth $12,388,151,000 after acquiring an additional 2,612,044 shares in the last quarter. Groupama Asset Managment boosted its holdings in Welltower by 23,204.3% in the fourth quarter. Groupama Asset Managment now owns 1,900,000 shares of the real estate investment trust's stock worth $2,183,000 after acquiring an additional 1,891,847 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Welltower by 17,343.3% in the first quarter. GAMMA Investing LLC now owns 1,738,052 shares of the real estate investment trust's stock worth $266,287,000 after acquiring an additional 1,728,088 shares in the last quarter. Institutional investors own 94.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WELL. Mizuho increased their price target on Welltower from $141.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Morgan Stanley increased their price target on Welltower from $155.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Wall Street Zen downgraded Welltower from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. Wedbush reissued an "underperform" rating on shares of Welltower in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada raised Welltower from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $146.00 to $168.00 in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Welltower presently has an average rating of "Moderate Buy" and a consensus target price of $163.25.

Welltower Stock Performance

Shares of WELL opened at $153.06 on Friday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $100.09 billion, a price-to-earnings ratio of 87.97, a PEG ratio of 1.78 and a beta of 0.94. The stock has a 50 day moving average of $149.61 and a 200 day moving average of $142.69. Welltower Inc. has a 12 month low of $100.13 and a 12 month high of $158.55.

Welltower (NYSE:WELL - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Welltower had a return on equity of 3.41% and a net margin of 12.65%. Welltower's revenue was up 30.3% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. As a group, sell-side analysts forecast that Welltower Inc. will post 4.88 earnings per share for the current year.

Welltower Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Wednesday, May 14th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, May 14th. Welltower's payout ratio is 154.02%.

Welltower Profile

Welltower Inc NYSE: WELL, a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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